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Germany's Top Court Orders New Review to Seize Olearius's Alleged Cum-Ex Proceeds

The court directed a new Bonn chamber to consider seizing about €40 million using evidence from the halted trial.

Overview

  • The Federal Court of Justice upheld the 2024 discontinuation of the criminal case against Christian Olearius for health reasons, leaving the question of guilt unresolved.
  • Cologne prosecutors are pursuing the confiscation of roughly €40–43.5 million they say Olearius personally gained from Cum-Ex deals.
  • Evidence gathered during the 29-day trial that was stopped may be reused in the separate asset-seizure proceeding.
  • A different chamber of the Bonn regional court must open the Einziehungsverfahren, which does not require Olearius to appear, and the final outcome remains open.
  • Olearius’s lawyer cites the presumption of innocence and argues his client has already paid multiples to the treasury.